AMG (AMG) director exercises 2,958 options and withholds 685 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AFFILIATED MANAGERS GROUP, INC. director Tracy P. Palandjian exercised stock options and settled related taxes using shares. On June 12, she exercised options for 2,958 shares of common stock at $82.07 per share and 685 shares were withheld at $354.62 per share to cover tax obligations. After these transactions, she directly holds 18,212 shares of AMG common stock, and the exercised director stock option covering 2,958 shares is fully depleted.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,958 shares exercised/converted
Mixed
3 txns
Insider
Palandjian Tracy P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to Buy) | 2,958 | $0.00 | -- |
| Exercise | Common Stock | 2,958 | $82.07 | $243K |
| Tax Withholding | Common Stock | 685 | $354.62 | $243K |
Holdings After Transaction:
Director Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 18,212 shares (Direct, null)
Footnotes (1)
Key Figures
Options exercised: 2,958 shares
Option exercise price: $82.07/share
Shares withheld for taxes: 685 shares
+3 more
6 metrics
Options exercised
2,958 shares
Director stock option into common stock on June 12
Option exercise price
$82.07/share
Exercise or conversion price for 2,958 options
Shares withheld for taxes
685 shares
Tax-withholding disposition on June 12
Tax withholding share value
$354.62/share
Value used for 685 withheld shares
Post-transaction holdings
18,212 shares
Common stock directly held after transactions
Exercised option balance
0 options
Director stock option following full 2,958-share exercise
Key Terms
tax-withholding disposition, derivative security, Director Stock Option (Right to Buy)
3 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Director Stock Option (Right to Buy) financial
"security_title": "Director Stock Option (Right to Buy)""
FAQ
What insider transactions did AMG director Tracy P. Palandjian report?
Tracy P. Palandjian reported an option exercise and a related tax-withholding share disposition. She exercised options for 2,958 AMG common shares and 685 shares were withheld to cover tax obligations, reflecting a routine compensation-related transaction rather than an open-market trade.
What happened to Tracy P. Palandjian’s AMG director stock options?
She fully exercised a director stock option covering 2,958 shares of AMG common stock. The option had a conversion or exercise price of $82.07 per share and, following the exercise, the remaining balance of that specific derivative position is reported as zero.